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Day: January 18, 2019

How to Mitigate a Potential Real Estate Market Down Turn

January 18, 2019 Published by

Let’s face it, this real estate market cycle is getting a little long in the tooth.  It doesn’t necessarily mean the market is going to crash, but the odds of us being in the late innings of a growth cycle are ever increasing.
How to Mitigate a Potential Market Down Turn
There are a few things I’d like to point out that may make sense to do in our current market so you don’t get caught with your pants down when the tide goes out to sea.
Mind Your Leverage
There are times to be aggressive and lever up and times to play it

$SPX Weekly Outlook: NEUTRAL… $QQQ $IWM $DJI

January 18, 2019 Published by

US Markets have ripped higher to start the year. This is the best start to the Russell 2000 since 1987 (pun intended). We are halfway into the first month of the first quarter and the Bull is Back in Gear!

Although this was quite the V-Shaped rally that, NO ONE expected (which is exactly why it happens), we are still in a very neutral to bearish area. You can see the V-shape, panic buying, that has progressed over the past few weeks.

All of this buying to get back to HEAVY RESISTANCE (at 2680), and the DECLINING 200 Day MA at 2760.

BTC 18 Jan – Medium to Long-term forecast updates

January 18, 2019 Published by

This post is a look at how we are doing based on previous forecasts, and consequently what we can expect in the medium to long-term future.

A Bit Brain original

BTC 18 Jan – Medium to Long-term forecast updates

On 15 Jan I published a medium-term BTC forecast. The chart below is taken from that post, unmodified but for the candles that have been added since then.

So far the post holds true, BTC is still in a tapering triangle, fast approaching the breakout zone. It will reach the breakout zone approximately 24 hours from now. From that point onwards a breakout becomes likely,

STEEM – whose buying the pump

January 18, 2019 Published by

Steem price been pumping after the last post mentioned about steemit powering down 34mil steem. Could it be the pump up of steem first so they can sell higher when the liquid steem is available, 1st batch 2.6mil steem. Don’t see any huge individual buy, lots of volume going to/from korean exchange. I did set some on manual trail stop and got triggered when it came down below 900. Then it hold around 885 and bounce back and just awhile ago break even higher into 1050.
Base on previous spike pattern, it will rally around 200-300+ points before sharp sell off

CSX Transportation…Not Full Steam Ahead

January 18, 2019 Published by

CSX reported near double-digit top-line growth for their fourth quarter after the closing bell on Wednesday.   CSX’s volume and pricing strength led to mid- to high-single-digit revenue growth in a number of freight categories, including chemicals, automotive, forest products and coal.   However,  CSX told investors to expect low-single-digit revenue growth in 2019, a 7% decrease from 2018.

CSX is in an “unfamiliar position,” as Wednesday’s earnings report did not consist of its typical big beat and management’s tone during the conference was void of any “swagger,” Shanker said in a Thursday note.

CSX said it can’t identify any trend in its business

Crypto Contest January 18: Power Ledger

January 18, 2019 Published by

Power Ledger (Binance: POWRBTC) has broken out of the triangle pattern in the weekly chart.

(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Power Ledger began a wave one advance in November 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in January 2018, and the red wave two (blue sub-waves a-b-c) correction ended in November 2018. If this wave count is correct, Power Ledger should be heading next towards the January 2018 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Power Ledger provides blockchain energy solutions for humanity. You can view their peer-to-peer electricity trading project in Bangkok,

Sherwin-Williams and Lowes, For Better Or Worse

January 18, 2019 Published by

Shares of Sherwin-Williams tanked on Tuesday after the company warned that its earnings in 2018 came well short of guidance, citing weak sales in North American stores. 

The paint maker on Tuesday reported its preliminary results for the fourth quarter and full year 2018. Net income for 2018 is now expected to be $11.15 a share, well below previous guidance of between $13.85 and $14 a share. Shares of the lost more than 6% in Tuesday’s session.

Analysts will often look at the Sherwin-Williams as a barometer for health of the consumer and housing market.

Sherwin-Williams will continue to operate its own

STEEM – Stuck in a Trading Range

January 18, 2019 Published by

The price of steem saw a little pump the past couple days.   This has caught people’s attention and has folks speculating on why it has happened.
Here’s the thing, even with this little pump nothing has changed at the moment.  We are still in the same trading range we have been in, just now we are near the top end of it.
I know, I sound like a debbie downer.  I swear I’m just conveying what the charts are telling me though.  I do hope we can break this range to the upside.
Steem and the Range

As you can see looking at the

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